coasian hell

This Pro Publica story about CPAP machines has been doing the rounds because of Eric Umansky’s experience with the one that reported back how much he was sleeping to some…thing…that decided it wasn’t enough, and therefore remotely bricked his sleep aid so he’d…whatever. But I think trying to force fit this into a mould about…

Read More How Not to Join a Coasian Hell: Brexit

What have US healthcare, British railways, the shipwreck of Carillion plc, and the F-35 got in common, and why should you care? Well…none of them work terribly well, they all cost vastly more than expected, and nobody can put their finger on why. Cash seems to leak out of them by a thousand cuts, without…

Read More In The Eternal Inferno, Fiends Torment Ronald Coase With The Fate Of His Ideas